THELOGICALINDIAN - Ethereum amount afresh recovered a few credibility adjoin the US Dollar and Bitcoin and now ETHUSD has to move aloft 202400 for added gains
Ethereum Price Upside Hurdle
There was a recovery wave started from the $176 akin in ETH amount adjoin the US Dollar. The amount managed to move aloft the $172 attrition and the 23.6% Fib retracement akin of the aftermost abatement from the $218 aerial to $176 low. There was alike an upside breach aloft the $192-200 resistance. The amount traded aloft the 100 alternate simple affective boilerplate and as aerial as $209. There was alike a breach aloft a bearish trend band at $188 on the alternate blueprint of ETH/USD
Later, buyers absent drive and the amount confused aback beneath $200 and the 100 alternate simple affective average. The amount traded beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $176 low to $209 high. However, the downside move was adequate by the $192-190 support. The 50% Fib retracement akin of the aftermost beachcomber from the $176 low to $209 aerial additionally chock-full the downside move. The amount is currently attempting a animation back, but disturbing to bright the 100 alternate simple affective boilerplate and $200.
A abutting aloft $200 is bare for added assets in the abreast term. On the upside, the abutting upside ambition aloft $209 is $218.
Hourly MACD – The MACD is abbreviation its bullish slope.
Hourly RSI – The RSI is currently attempting to move aloft the 50 level.
Major Support Level – $192
Major Resistance Level – $200
Charts address – SimpleFX
